Mine cycled from the time I bought it with 124,000 miles on it. I put in the revised thermostat that Cummins has and it does run a little cooler, but the problem is resolved. It will sometims start out cycling, but eventually evens out after 3 or 4 hard cycles. Ambients around 55 - 65 deg seem the worst.
Although the Cummins makes it through the warranty period and beyond with this behavior, it is not the best thing you can do to your engine.
The response rate of the thermostat, bypass bleed, radiator capacity, cooling flow, bypass flow and waterpump curve are all part of the equation that creates this instability. The only control element in the system is the thermostat. So that is all that can be changed to resolve the problem.
I have designed diesels at CAT and Cummins, and a thermal cycle of the cooling system is a standard test for headgasket durability. A temp fluxuation from 200 to 130 every 2 minutes (as in my truck) is plenty to eventually induce a head gasket leak on many engines. The iron responds to the temp change, otherwise it would not cycle so fast. Dare to try that with an Aluminum head?
I acccept the argument that it is "OK" based on the fact that this particular engine tolerates it. But it is not a good thing in general.
To resolve the problem, the thermostat needs to be faster or slower response, or be designed to have a smaller rate of flow so it has more time to react and does not dump all the water to the rad in a big slug. What has been done on the revised stat is the flow rate through the stat has been lowered upon initial opening as a function of temp. So to avoid an over heat problem from slower response, the temp setting is dropped a little to start the flow to the rad sooner. In an unloaded condition, this results an equalibrium point established at a lower temp, thus we see lower temps with the new stat unloaded.